The contrast could hardly be more striking. House Speaker Kevin McCarthy emerged from yesterday’s latest round of negotiations with the White House with an upbeat spin but no deal. Soon after, Fitch Ratings put the AAA credit rating for US debt on watch for a downgrade.
Daily Archives: May 25, 2023
Macro Briefing: 25 May 2023
* Risk is rising for no deal on debt ceiling over long holiday weekend
* Default might not stop US Treasuries from trading
* Fitch puts US credit rating on rating watch negative due to “political partisanship”
* Yields surge for soon-to-mature Treasury bills due to debt-ceiling risk
* Federal Reserve officials divided over rate hikes, minutes reveal
* Threats to the global banking system have eased
* Global investment in solar energy set to overtake equivalent for oil production
* Meta continues brutal round of layoffs
* Buying a US home is cheaper than renting in just 4 cities
* Germany slips into recession after revised Q1 GDP reflects 0.3% decline:
